The core Rubber Band strategy uses custom volatility bands derived from a five-day range to identify mean-reversion opportunities. It enters trades when price deviates significantly from recent highs or lows and exits based on previous candle breaks or fixed targets. The collection also includes seasonal scripts, relative strength indicators, and day-of-week anomaly strategies. Risk is managed through adjustable stop loss levels, lot sizing, and a defined risk-to-reward ratio for automated exits.
Read from RubberBand.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
Lot
double
0.5
LotSize
Stl
double
0.0015
Stop Loss
RR
double
2
R/R
NumberOfCalculation
double
50
multiplyATR
double
2.5
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone alimirash/8-Quantitative-Trading-Strategies from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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